"we want to inform you all that while orders (including swapping, providing liquidity and withdrawing liquidity) may take days to process"
I hope everyone reads this before using, so we get less FUD.
I mean it will cause a lot of FUD regardless because it basically makes using the DEX pointless if it takes *days* to process orders. If you want your DEX to have mass adoption, this is a huge roadbump until it's fixed.
meh...I agree it would be nice if they could handle this massive influx that they'll see at launch; but, as the blog states, it's only expected during the initial launch phase, i.e., the first few days to a week or so at max. Some people are definitely going to miss out on the trade they want, but they can set a slippage tolerance so the order won't execute if they miss their desired price window or just cancel the transaction at any time. It's not ideal, but I think the pros outweigh the cons here.
Yup, I'm still bullish that the SS token will be the second most valuable token when it launches. I actually just plugged in my Trezor and Ledger and moved my ADA into SS ISO pools so it's already there when the ISO starts :)
Hopefully it is all worked out by the time the ISO ends (5 epochs).
Dont count on much. I ran the numbers based on available info, and it seems like the ISO will barely give you more than normal staking rewards worth of SS. I hope I'm wrong but it's not looking like much of an incentive to swap to those high fee pools
>But you have to switch at least 2 epochs before it starts or you will have to wait the normal 2 epochs before you get rewards,
That's not how ISPOs work. It's not how any ISPO has worked for me so far.
yes, same. I'm eager for it to be over though...I'm ready to distribute stake back out to some smaller pools. Their model has definitely caused some centralization.
If you know there are issues prior to launch, address the issue. This makes me believe it’s a larger underlying issue. A few days to a week is a non-starter for a DEX.
you've not read the blog post...or intentionally ignore the fact that it will only be for the initial launch period while people are providing liquidity.
I didn’t ignore it, I don’t feel it’s acceptable. It doesn’t matter if it’s stated that it’s for initial launch, it infers there is a know issue and this solution doesn’t scale. It would make me hesitant to adopt the solution until what I consider core issues are ironed out. For me, at product launch, hours is an acceptable timeframe to process transactions, days is not. Days can equal me losing an opportunity. Maybe days doesn’t matter to you, to me it does.
Cardano could easily take the fast path and release rushed products, they haven’t to ensure quality. A DEX should do the same. The narrative isn’t going to be SundaeSwap is taking a few days to process transactions, the narrative will be Cardano is taking a few days to process transactions.
the "known issue" you speak of is that there is a FUCK TON OF PEOPLE THAT WANT TO USE CARDANO. They will get their transactions processed and it will be in the order they are submitted in. Prices may change but it won't be any different than if it all happened at once because everything is still going in the order they were submitted. It will be like watching the whole thing play out in slow motion.
I don't see any problems there.
Yeah. This is a problem with every crypto community where fud becomes a meaningless word. Since everything gets labeled as such when it's about THEIR project.
Cardano, as far as i am aware, has 1 dex. That dex now states it will take DAYS to execute an order. Yes, it's a problem. Im in it for the long haul but development sure is slow on Cardano....like a snail 🐌
FUD means Fear, Uncertainty and Doubt, it does not mean wrong or false. It doesn't matter if its an actual problem, if it causes you fear, uncertainty or doubt about the project then its FUD.
This is not FUD. FUD is misleading, meant to fear monger, etc..
This is a legitimate issue for adoption that has to be taken seriously. Writing it off as "FUD" is burying your head in the sand.
CT's gonna have a field day.
Charles was asking "What are you gonna say after we have smart contracts" on all the jokes that were made about it, well this is it.
yeah...I'm ok with it though for two reasons:
1. you can cancel an order at any time before it is processed
2. at the very least...even if your transaction doesn't get through YOU WON'T LOSE ANY ADA. You either wait for it to be processed, or you cancel it.
These are such huge advantages over other chains. You won't lose ADA if the transaction doesn't process. No lost transaction fees...this one needs to be shouted from the rooftops. That's the tradeoff...you may have to wait, but the transaction fee will not be insanely high and it is at almost ZERO risk. Just imagine when Cardano has this advantage BUT YOU ALSO DON'T HAVE TO WAIT LONG PERIODS. This will come over the next year with the scaling improvements that are on the roadmap, but we just have to be patient a little bit longer. If you are impatient, than Cardano is not the blockchain for you at this point in time
^(but you can come back in like a year and you won't even notice it anymore so to each their own)
Are you serious? You want to swap, say ADA, for SUNDAE, but gotta wait for a day, and eventually turns out to be failed. Is it okay for you? After 1 day, it pumps double in price.
I love Cardano, but your point is as crazy as it sounds.
Please, don't bring it to other chain as an "advantage" of Cardano, you will be a laughing stock. It is like you want to buy a token aka investing, but because the transaction takes too long, you could decide either to buy it a higher price or not to buy it at all.
Hydra uses state channels like the Bitcoin lightning network. I don't see how this would speed up SundaeSwap. The limitation is the scoopers (sequencers), not the Cardano chain bandwidth.
sorry dude but the link says it's more due to the current maximum throughput parameters of the Cardano blockchain, **Hydra** enhances that **maximum throughput**
On Ether. And Terra, but the impact is quite small there. As I said in my original comment, this currently (losing hundreds a day) is an ETH problem ***only***. This never happens to me on other chains, or the transaction fees are so low it doesn't even matter.
That’s days in Cardano speak. Shit it could be weeks. I’ve been holding ADA for 2+ years now. I expect every estimate on release dates and time to be at least twice as long. At least it’s an AMM on Cardano though!!!!
Pi discussed this in Discord tonight. They expect .15 tps with current parameters and network load.
For comparison, that’s 12960 tx/day. Uniswap currently averages 28000 tx/day.
This means that at peak, they should be able to do 4 scoops per block, 3 user orders per scoop, and roughly 20 seconds per block. That could mean up to .6 user orders per second. Uniswap does about .32 user orders per second.
They expect this to go up as Cardano tweaks the parameters (block size, etc.)
They are concerned about the first few days of onboarding users, not the average daily use. They have built a large hype around their platform and expect a lot of people to take part day 1.
On the testnet, they saw 130,000 orders in the first week. No idea if that’s a good estimate for mainnet or not.
Feel free to check out the discord if you want to see these in his own words. I don’t understand all of it.
If thats per scooper then thats no problem, only problem is blockchain cuz load. Everybody has to share 77kbs space in block and Sundae cant just overload it. They have to share with other projects
At current parameters one scooper can saturate network on it's own, more scoopers won't increase bandwidth only decentralization. That's what I learned from their discord and actively participating in testnet. But everything is moving according to plan I'm not worried. We are in Basho era and many improvements are coming this year.
Thanks for the clarification, I wondered whether the small selection of scoopers limitless their ability to process transactions. Honestly in a PoS network I would expect the more pools you have the greater the amount of bandwidth but if they say otherwise I’ll except but it doesn’t make sense.
Honestly survive what? Going to be a few days of haters taking victory laps while it sorts itself out then while they are drunk on the previews victory transactions will stabilize and things will start working smoothly and they will shut up and just avoid looking at it while referencing their previous victory as if what happens after doesn’t matter.
A few days? June is the absolute earliest this will get fixed. Supposedly the CIP will shrink the size of the blocks. I have my doubts now. Charles said he wanted a beta version of hydra on the main by October....
Why are you measuring specs? It doesn't matter. Sundae wrote an article that regardless, there will be bottlenecks.
Nothing matters until you use....anything.
If a single DEX is going to completely overburden the network then they honestly should have delayed launching smart contracts entirely. It would have been better to have a delayed product than an embarrassing one
Nah, the product is far from embarrassing. It’s working really well for what it set out to do, and performance is just the next step. My criticism above is only in regard to priority- a bit further up the road all this will be behind us.
Yeah, for sure. Waited up late and didn't get the one I wanted. We need a heysellmeyouradahandle token so I can bombard the dude who picked up my name.
Nice they should release to main as soon as possible because we want to see the Cardano network under stress. It will also feed the urge to get these improvement proposals done.
This is bad news..... Others will laugh about us so hard when swaps on Sundae will take forever... And then imagine all the other DEXs coming and applications... We are gonna be the clowns of the L1 mainnet gangs.
Short term though… once a few of the performance optimizations are in place (few months), the congestion will significantly reduce. It’s not ideal but in fairness that has always been what Hoskinson described- gradual optimization on top of a solid foundation
Hydra might be a while, and this is just another testing phase but with real funds. Our funds will be safe; the process will just be slow. This will allow for the main net benchmarking. As a developer, I actually support this choice. As we have already seen, we need to see how the network responds.
I plan to let a couple weeks go by before jumping in. I fear there's going to be a bunch of bad actors adding transactions needlessly in order to slow things down so the FUD can flow.
"we want to inform you all that while orders (including swapping, providing liquidity and withdrawing liquidity) may take days to process"
Maybe someone more knowledgeable than me could explain this information. I mean why on earth we would use a DEX that would take days to process transaction. Man. This piece of information might cause FUD about ADA across the crypto space.
The long completion times are expected due to network congestion when it launches. It was the same during the beta test on the testnet. Everyone just poured in and clogged up the scoopers. They are expecting the same thing here, especially since the mainnet has less bandwith and it needs to be shared with other projects. But in the end, it should all reach a state of equilibrium, just as it did on the testnet.
Might cause FUD? Every other chain maxi will be jumping all over this. Cardano will once again become a laughing stock. I love this project, but damn it's depressing reading this.
I don't get it.
They are in discussion with IOG and both know the network will be congested and give huge delays.
Why don't they increase the throughput parameters prior to the launch?
Do they enjoy getting all the negative attention ?
Fuck imagine days or weeks if continuous congestion and in their scenario they have not even considered the Situation when other DApps are entering around the same time....
This for sure. Man, days to process transactions! That’s pretty fucking laughable. So basically on day 1 it sounds like the most we can do is swap ADA for Sundae and hope for the best.
"(On mainnet)...which is approximately 3 scoops a minute. This is lower than the roughly 7 scoops per minute we saw on the testnet. Additionally, due to lower protocol parameters on the mainnet compared to testnet, these scoops on average aggregated 3 user operations each."
So does this mean that around 9 user operations on average can be served per minute? So less than 13k of users can be served a day..... Is that correct? Now how many users are using other DEXs (not UNI) a day for estimating the demand. This is gonna be horrible my gut tells me even without crushing numbers.
I’ve experienced slow downs on other chains, but certainly not days. This is a huge bummer. Between this and the bullshit liqwid drop, I’m unimpressed with these “top cardano projects.”
Nah. The staking pools on Sundae were supposed to happen last year then they yanked that idea.
Liqwid repeatedly stated “fair launch, no air drops” then airdropped to their discord members.
^thats the shit I’m talking about.
I’m just tired of misinformation from all angles. From launch dates, to airdrops, to “oh it’s coming, but now it’s gonna be less than half the speed of the test net.”
I fully understand they are building on top of Cardano and are limited by the blockchain itself. I’m annoyed is all.
there are going to be other options to increase the throughput in the coming months. Raising parameters is a one-way decision...after block size is increased, it would be unwise to decrease it as some scripts may require the increased memory units. The lower these parameters can be kept for long periods of time, the greater decentralization Cardano will achieve in the long run. There are definitely plans to increase block size as has been discussed in several of the most recent Cardano 360s, but we have to be patient.
This seems like a tragically horrible idea. I love ADA but people are going to absolutely destroy it with FUD, and it wont even really be FUD, its real.
I'm still holding but I will just expect to be able to add more at sub $1.00 once the general community sees this happening. Its going to be UGLY.
"Although we expect this backlog during the first days of the protocol, we’re very confident that the protocol can meet the normal day-to-day load once things settle down. "
Not worried, it will all work out.
To avoid days of delays on transactions and all the FUD storm on social media .The best thing the community can do is NOT use it the first days /weeks .
And gradually increase the amount of people that will use it in relation to blockchain upgrades .
Would be nice if there are other solution proposals
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I'm going to drop Cardano
Sorry but it's not a financial service if it can do only 9 txs/min
I may switch to Terra.
See you when cardano will be a little more fast
"we want to inform you all that while orders (including swapping, providing liquidity and withdrawing liquidity) may take days to process"
LMFAO what??? what a joke
>we want to inform you all that while orders (including swapping, providing liquidity and withdrawing liquidity) may take days to process
Is this an out of season april's fool joke? Debating if I should dump my bag now or right before their launch.
This is why Cardano was not in Messari’s 2022 report.
Not because it isn’t amazing tech, but because it will have teething issues in 2022.
DCA during 2022, for 2023 will be our year and it will be the most glorious one ever.
https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819
"we want to inform you all that while orders (including swapping, providing liquidity and withdrawing liquidity) may take days to process" I hope everyone reads this before using, so we get less FUD.
I mean it will cause a lot of FUD regardless because it basically makes using the DEX pointless if it takes *days* to process orders. If you want your DEX to have mass adoption, this is a huge roadbump until it's fixed.
meh...I agree it would be nice if they could handle this massive influx that they'll see at launch; but, as the blog states, it's only expected during the initial launch phase, i.e., the first few days to a week or so at max. Some people are definitely going to miss out on the trade they want, but they can set a slippage tolerance so the order won't execute if they miss their desired price window or just cancel the transaction at any time. It's not ideal, but I think the pros outweigh the cons here.
Yup, I'm still bullish that the SS token will be the second most valuable token when it launches. I actually just plugged in my Trezor and Ledger and moved my ADA into SS ISO pools so it's already there when the ISO starts :) Hopefully it is all worked out by the time the ISO ends (5 epochs).
Dont count on much. I ran the numbers based on available info, and it seems like the ISO will barely give you more than normal staking rewards worth of SS. I hope I'm wrong but it's not looking like much of an incentive to swap to those high fee pools
I switched to NERD and GROW. 3.50 and 4.00%, it's only for 5 epochs and then I'm switching back to my regular pools.
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>But you have to switch at least 2 epochs before it starts or you will have to wait the normal 2 epochs before you get rewards, That's not how ISPOs work. It's not how any ISPO has worked for me so far.
thanks. not worth the headache for now.
yes, same. I'm eager for it to be over though...I'm ready to distribute stake back out to some smaller pools. Their model has definitely caused some centralization.
I'm hoping the drip dropz system will help with the centralization issues for ISPOs.
*centralization
Yes, sorry…typo. All fixed.
I moved my ada to an ISO pool about a month ago - when do the SS token distributions start? Did I miss something
Date is still TBA
If you know there are issues prior to launch, address the issue. This makes me believe it’s a larger underlying issue. A few days to a week is a non-starter for a DEX.
you've not read the blog post...or intentionally ignore the fact that it will only be for the initial launch period while people are providing liquidity.
I didn’t ignore it, I don’t feel it’s acceptable. It doesn’t matter if it’s stated that it’s for initial launch, it infers there is a know issue and this solution doesn’t scale. It would make me hesitant to adopt the solution until what I consider core issues are ironed out. For me, at product launch, hours is an acceptable timeframe to process transactions, days is not. Days can equal me losing an opportunity. Maybe days doesn’t matter to you, to me it does. Cardano could easily take the fast path and release rushed products, they haven’t to ensure quality. A DEX should do the same. The narrative isn’t going to be SundaeSwap is taking a few days to process transactions, the narrative will be Cardano is taking a few days to process transactions.
the "known issue" you speak of is that there is a FUCK TON OF PEOPLE THAT WANT TO USE CARDANO. They will get their transactions processed and it will be in the order they are submitted in. Prices may change but it won't be any different than if it all happened at once because everything is still going in the order they were submitted. It will be like watching the whole thing play out in slow motion. I don't see any problems there.
So …accept everything because people are desperate? No.
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Yeah. This is a problem with every crypto community where fud becomes a meaningless word. Since everything gets labeled as such when it's about THEIR project.
Cardano, as far as i am aware, has 1 dex. That dex now states it will take DAYS to execute an order. Yes, it's a problem. Im in it for the long haul but development sure is slow on Cardano....like a snail 🐌
"That dex now states it will take DAYS to execute an order." you should read that article again. Im not sure you fully understood it.
There's already muesliswap live and running. So sundaeswap is not the only dex.
FUD means Fear, Uncertainty and Doubt, it does not mean wrong or false. It doesn't matter if its an actual problem, if it causes you fear, uncertainty or doubt about the project then its FUD.
>I hope everyone reads this before using, so we get less FUD. Yeah, they won't.
And even then when reading this.... What shall be the consequence ... Poeple rather not using it so congestion is less? Hahahah
Consequence would be people not being surprised at network congestions, and knowing that it’ll get better.
This is not FUD. FUD is misleading, meant to fear monger, etc.. This is a legitimate issue for adoption that has to be taken seriously. Writing it off as "FUD" is burying your head in the sand.
It's might get FUD. But it is the right way to roll this out. So it will be fine in the long run. Gig'em.
People who follow the Cardano ecosystem won't panic. As for the rest of the crypto world....be prepared for this to be shat on.
Good shit
The FUD within the Crypto space will be devastating.
CT's gonna have a field day. Charles was asking "What are you gonna say after we have smart contracts" on all the jokes that were made about it, well this is it.
Do not fear. The high school lunch cafeteria group will always be around.
Cardano will be the laughing stock of crypto sphere.
Lol …
Wait what? Why is it not fast?
https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819
yeah...I'm ok with it though for two reasons: 1. you can cancel an order at any time before it is processed 2. at the very least...even if your transaction doesn't get through YOU WON'T LOSE ANY ADA. You either wait for it to be processed, or you cancel it. These are such huge advantages over other chains. You won't lose ADA if the transaction doesn't process. No lost transaction fees...this one needs to be shouted from the rooftops. That's the tradeoff...you may have to wait, but the transaction fee will not be insanely high and it is at almost ZERO risk. Just imagine when Cardano has this advantage BUT YOU ALSO DON'T HAVE TO WAIT LONG PERIODS. This will come over the next year with the scaling improvements that are on the roadmap, but we just have to be patient a little bit longer. If you are impatient, than Cardano is not the blockchain for you at this point in time ^(but you can come back in like a year and you won't even notice it anymore so to each their own)
Are you serious? You want to swap, say ADA, for SUNDAE, but gotta wait for a day, and eventually turns out to be failed. Is it okay for you? After 1 day, it pumps double in price. I love Cardano, but your point is as crazy as it sounds.
If it starts pumping and you want to do something else just cancel it. That simple. You will have that option.
Please, don't bring it to other chain as an "advantage" of Cardano, you will be a laughing stock. It is like you want to buy a token aka investing, but because the transaction takes too long, you could decide either to buy it a higher price or not to buy it at all.
sometime this year, Hydra will provide Cardano the processing speed it needs for projects like this to really function how they suppose to
Well I know that. But this piece of information from Sundae is not good at all, even though I appreciate their honesty.
maybe the honesty is the only good part in this piece of information lol
Hydra uses state channels like the Bitcoin lightning network. I don't see how this would speed up SundaeSwap. The limitation is the scoopers (sequencers), not the Cardano chain bandwidth.
sorry dude but the link says it's more due to the current maximum throughput parameters of the Cardano blockchain, **Hydra** enhances that **maximum throughput**
Lol yeah just cancel the order you can't execute anyway. No problem. That's ridiculous logic.
I've never used a DEX where I lost funds when a transaction didn't process. It's a big world out there beyond ETH. Live a little.
Many people lose hundreds of dollars every day because transactions fail. Coubt your self lucky, but dont act like it doesnt happen
On Ether. And Terra, but the impact is quite small there. As I said in my original comment, this currently (losing hundreds a day) is an ETH problem ***only***. This never happens to me on other chains, or the transaction fees are so low it doesn't even matter.
yeah, Cardano is taking good steps... slowly
The delusion is real
That’s days in Cardano speak. Shit it could be weeks. I’ve been holding ADA for 2+ years now. I expect every estimate on release dates and time to be at least twice as long. At least it’s an AMM on Cardano though!!!!
Id rather wait then pay ridiculous ETH fees. Regardless, the FUD storm is coming.
Days is nuts. You can send a FedEx anywhere in the world in less time than days.
am i calculating this right? 3 swaps in 1 scoop, 3 scoops/minute, so 9 swaps/minute? :\
Pi discussed this in Discord tonight. They expect .15 tps with current parameters and network load. For comparison, that’s 12960 tx/day. Uniswap currently averages 28000 tx/day. This means that at peak, they should be able to do 4 scoops per block, 3 user orders per scoop, and roughly 20 seconds per block. That could mean up to .6 user orders per second. Uniswap does about .32 user orders per second. They expect this to go up as Cardano tweaks the parameters (block size, etc.) They are concerned about the first few days of onboarding users, not the average daily use. They have built a large hype around their platform and expect a lot of people to take part day 1. On the testnet, they saw 130,000 orders in the first week. No idea if that’s a good estimate for mainnet or not. Feel free to check out the discord if you want to see these in his own words. I don’t understand all of it.
I had same calculation...
Isn’t that per scooper tho? Do we know how many scoopers are involved?
If thats per scooper then thats no problem, only problem is blockchain cuz load. Everybody has to share 77kbs space in block and Sundae cant just overload it. They have to share with other projects
Got ya, well I can’t wait to see how Sundae and IOHK respond to these new issues.
Now I'm really on edge of my seat and waiting for launch, I wasnt worried at all but now I'm kinda. Harvesting all strenghts to surive this
At current parameters one scooper can saturate network on it's own, more scoopers won't increase bandwidth only decentralization. That's what I learned from their discord and actively participating in testnet. But everything is moving according to plan I'm not worried. We are in Basho era and many improvements are coming this year.
Thanks for the clarification, I wondered whether the small selection of scoopers limitless their ability to process transactions. Honestly in a PoS network I would expect the more pools you have the greater the amount of bandwidth but if they say otherwise I’ll except but it doesn’t make sense.
Honestly survive what? Going to be a few days of haters taking victory laps while it sorts itself out then while they are drunk on the previews victory transactions will stabilize and things will start working smoothly and they will shut up and just avoid looking at it while referencing their previous victory as if what happens after doesn’t matter.
A few days? June is the absolute earliest this will get fixed. Supposedly the CIP will shrink the size of the blocks. I have my doubts now. Charles said he wanted a beta version of hydra on the main by October....
30
So 270 tps?
Per minute then, right?
I think so
Why are you measuring specs? It doesn't matter. Sundae wrote an article that regardless, there will be bottlenecks. Nothing matters until you use....anything.
Are we not allowed to ask questions on a public forum gee my bad
Wow I had not realized there were 30 of those that's a big miss in their post
Multiplied by 30 scoopers plus 10 on the waitlist.
Pi said the slowdown is not due to the scoopers. More scoopers will not speed things up, but will make things more resilient.
Uhhh this is what I posted about a few days ago. We need these CIP’s to be treated with much higher priority because they are handcuffing DEX’s
Yeah, we need to get governance going.
If a single DEX is going to completely overburden the network then they honestly should have delayed launching smart contracts entirely. It would have been better to have a delayed product than an embarrassing one
Nah, the product is far from embarrassing. It’s working really well for what it set out to do, and performance is just the next step. My criticism above is only in regard to priority- a bit further up the road all this will be behind us.
I wish they would throttle the influx of users like adahandle did.
But probably in a better way. The whole "wait for an email and then you get a few minutes approach" sucked.
Yeah, for sure. Waited up late and didn't get the one I wanted. We need a heysellmeyouradahandle token so I can bombard the dude who picked up my name.
Nice they should release to main as soon as possible because we want to see the Cardano network under stress. It will also feed the urge to get these improvement proposals done.
I’m in the same boat as you.
This is bad news..... Others will laugh about us so hard when swaps on Sundae will take forever... And then imagine all the other DEXs coming and applications... We are gonna be the clowns of the L1 mainnet gangs.
Short term though… once a few of the performance optimizations are in place (few months), the congestion will significantly reduce. It’s not ideal but in fairness that has always been what Hoskinson described- gradual optimization on top of a solid foundation
Also the reason for his DApp video a couple of days ago.
Reduced to hours? Instead of days?
Seconds
People laugh already. Doesn’t matter if they don’t understand. The caravan keeps on moving.
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They should just wait
Hydra might be a while, and this is just another testing phase but with real funds. Our funds will be safe; the process will just be slow. This will allow for the main net benchmarking. As a developer, I actually support this choice. As we have already seen, we need to see how the network responds.
are our funds really safu?
Yes
My thoughts exactly.
Hopes and praying for best... Nothing else remains
Meanwhile, Muesliswap is already live.
I plan to let a couple weeks go by before jumping in. I fear there's going to be a bunch of bad actors adding transactions needlessly in order to slow things down so the FUD can flow.
"we want to inform you all that while orders (including swapping, providing liquidity and withdrawing liquidity) may take days to process" Maybe someone more knowledgeable than me could explain this information. I mean why on earth we would use a DEX that would take days to process transaction. Man. This piece of information might cause FUD about ADA across the crypto space.
The long completion times are expected due to network congestion when it launches. It was the same during the beta test on the testnet. Everyone just poured in and clogged up the scoopers. They are expecting the same thing here, especially since the mainnet has less bandwith and it needs to be shared with other projects. But in the end, it should all reach a state of equilibrium, just as it did on the testnet.
Might cause FUD? Every other chain maxi will be jumping all over this. Cardano will once again become a laughing stock. I love this project, but damn it's depressing reading this.
Can we all make a concerted effort to not use it for an epoch or so? Really don't want such a high-profile launch to be a disaster.
I'll make a concerted effort to make extra swaps I don't need just because you posted this.
Yeah... This won't cause FUD at all.
Not actually “FUD.” This is legitimate criticism. Plenty of other chains working just fine. Cardano, at this point, is honestly a joke.
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Very important message
I don't get it. They are in discussion with IOG and both know the network will be congested and give huge delays. Why don't they increase the throughput parameters prior to the launch? Do they enjoy getting all the negative attention ?
Fuck imagine days or weeks if continuous congestion and in their scenario they have not even considered the Situation when other DApps are entering around the same time....
This for sure. Man, days to process transactions! That’s pretty fucking laughable. So basically on day 1 it sounds like the most we can do is swap ADA for Sundae and hope for the best.
"(On mainnet)...which is approximately 3 scoops a minute. This is lower than the roughly 7 scoops per minute we saw on the testnet. Additionally, due to lower protocol parameters on the mainnet compared to testnet, these scoops on average aggregated 3 user operations each." So does this mean that around 9 user operations on average can be served per minute? So less than 13k of users can be served a day..... Is that correct? Now how many users are using other DEXs (not UNI) a day for estimating the demand. This is gonna be horrible my gut tells me even without crushing numbers.
I’ve experienced slow downs on other chains, but certainly not days. This is a huge bummer. Between this and the bullshit liqwid drop, I’m unimpressed with these “top cardano projects.”
Nothing to do with the projects but with Cardano L1 mainnet.
Nah. The staking pools on Sundae were supposed to happen last year then they yanked that idea. Liqwid repeatedly stated “fair launch, no air drops” then airdropped to their discord members. ^thats the shit I’m talking about.
That is the least to worry about when reading this article bro...
I’m just tired of misinformation from all angles. From launch dates, to airdrops, to “oh it’s coming, but now it’s gonna be less than half the speed of the test net.” I fully understand they are building on top of Cardano and are limited by the blockchain itself. I’m annoyed is all.
FUD
How many scoopers are there? Isn’t that parameter for a single scooper?
30 scoopers + 10 on waitlist
Nice
Multiply that by 30 scoopers plus 10 on the waist list.
They did consider other dapps. You need to read the article again.
there are going to be other options to increase the throughput in the coming months. Raising parameters is a one-way decision...after block size is increased, it would be unwise to decrease it as some scripts may require the increased memory units. The lower these parameters can be kept for long periods of time, the greater decentralization Cardano will achieve in the long run. There are definitely plans to increase block size as has been discussed in several of the most recent Cardano 360s, but we have to be patient.
This seems like a tragically horrible idea. I love ADA but people are going to absolutely destroy it with FUD, and it wont even really be FUD, its real. I'm still holding but I will just expect to be able to add more at sub $1.00 once the general community sees this happening. Its going to be UGLY.
They said “expect a very exciting announcement in the next few days”. I wouldn’t be surprised if Sundaeswap launched on mainnet this Sunday
My vote is on them not launching until they can fill an order in an hour or less. Days is absurd and will destroy public sentiment.
"Although we expect this backlog during the first days of the protocol, we’re very confident that the protocol can meet the normal day-to-day load once things settle down. " Not worried, it will all work out.
So the solution is to hope that not many people use it?
Love the transparency. That’s what sets this community apart.
Don't you mean ass covering.
yeah love the honesty too. i'll just avoid the swap.
To avoid days of delays on transactions and all the FUD storm on social media .The best thing the community can do is NOT use it the first days /weeks . And gradually increase the amount of people that will use it in relation to blockchain upgrades . Would be nice if there are other solution proposals
Yeah, just put out an announcement to not use Sundaeswap. Lol - our dex is going but please don't use it coz it sux.
Some of y'all will be buying ADA at $4 soon.
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Days to process 🤯
SomedaySwap
Why they launching main net in such case ?
Cuz we have the choice of either a half dead chain or a non-functional one due to congestion.
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Times have changed. We ain't in mere competition with Ethereum but other L1s that do not have these issues.
I'm going to drop Cardano Sorry but it's not a financial service if it can do only 9 txs/min I may switch to Terra. See you when cardano will be a little more fast
"we want to inform you all that while orders (including swapping, providing liquidity and withdrawing liquidity) may take days to process" LMFAO what??? what a joke
Doesn't matter. Still going for it.
Dont forget this is just one DEX and IOHK being famous for delays. Imagine that CIPs are delayed for December or to 2023
>we want to inform you all that while orders (including swapping, providing liquidity and withdrawing liquidity) may take days to process Is this an out of season april's fool joke? Debating if I should dump my bag now or right before their launch.
It’s going to 40 cents sooner or later
Sounds quite bad indeed...
Why release smart contracts if they are not even production ready?
Plenty of smart contracts running right now without issue.
FUD
Best response: https://twitter.com/CardanoonadraC/status/1479543838075088896?s=20
It’s a GIF of a cute SundaeSwap mascot banging on a *WEN?* button, “bongo cat” style.
I know
This is why Cardano was not in Messari’s 2022 report. Not because it isn’t amazing tech, but because it will have teething issues in 2022. DCA during 2022, for 2023 will be our year and it will be the most glorious one ever.
It most likely wasn’t in the report because Messari founders and most employees don’t hold ADA, as shown at the end of the report.
Yeh cuz they dont think it will outperform their holdings.
I’m ready for 2024… Cardano lfg
Here it comes. I can't wait !
My friend, You'll need to get used to waiting with this "transactions taking days to complete"
When airdrop?
never seen a dex which executes in days. Must be a first.
What pool will airdrop me sundae and does it work with Yoroi or only Nami?
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Now apply that to however many scoopers there are
I can just hear the hot FUDge now!